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Here's Why T-Mobile (TMUS) is a Strong Value Stock
Zacks Investment Research· 2024-05-15 14:45
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What ar ...
T-Mobile reportedly nearing deal to acquire part of U.S. Cellular
GeekWire· 2024-05-09 17:35
Bellevue, Wash.-based wireless giant T-Mobile is closing in on a deal to buy a part of U.S. Cellular, one of the last major regional wireless carriers, according to a report from The Wall Street Journal on Thursday. T-Mobile and Verizon are in talks to buy parts of U.S. Cellular in deals that would include operations and wireless spectrum licenses.U.S. Cellular, the nation’s fifth largest carrier, last year said it was exploring strategic alternatives for its wireless operations. A deal with T-Mobile could ...
Why T-Mobile (TMUS) is a Top Momentum Stock for the Long-Term
Zacks Investment Research· 2024-05-01 14:56
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Sco ...
What's Happening With T-Mobile Stock?
Forbes· 2024-05-01 13:00
16 September 2023, USA, New York: A T-Mobile store, photographed in Manhattan. Photo: Michael ... [+] Kappeler/dpa (Photo by Michael Kappeler/picture alliance via Getty Images)dpa/picture alliance via Getty ImagesT-Mobile posted better-than-expected Q1 earnings, as the carrier continues to see multiple tailwinds from its 2020 acquisition of rival Sprint. While earnings came in at $2.00 per share, revenue remained almost flat at $19.59 billion. So what lies ahead for T-Mobile stock?T-Mobile continued to lead ...
Streaming Media Company Plex Partners with T-Mobile, One of the Nation's Biggest Advertisers, to Expand Its Connected TV Reach
Newsfilter· 2024-04-30 13:29
Campbell, CA, April 30, 2024 (GLOBE NEWSWIRE) -- Streaming media company Plex, the largest independent ad-supported video-on-demand and streaming media platform, today announced a partnership with T-Mobile (NASDAQ:TMUS), one of the nation's biggest advertisers, to expand T-Mobile's connected TV (CTV) inventory and innovate on the connection between mobile and CTV. T-Mobile Advertising Solutions reaches 240M+ consumers across screens. Today, Plex combines free ad-supported TV with ad-supported video on deman ...
T-Mobile(TMUS) - 2024 Q1 - Quarterly Report
2024-04-26 16:32
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-33409 T-MOBILE US, INC. (Exact name of registrant as specified in its charter) Delaware 20-0836269 (State or other jurisdi ...
T-Mobile's (TMUS) Q1 Earnings Top on Industry-Leading Growth
Zacks Investment Research· 2024-04-26 14:00
T-Mobile US, Inc. (TMUS) reported mixed first-quarter 2024 results, with the bottom line beating the Zacks Consensus Estimate but the top line missing the same.The Bellevue, WA-based wireless service provider reported industry-leading postpaid customer growth with a record low churn rate. T-Mobile follows a multi-layer approach to 5G with dedicated standalone 5G deployed nationwide across 600MHz, 1.9GHz, and 2.5GHz bands.Net IncomeNet income in the first quarter was $2,374 million or $2.00 per share, up fro ...
T-Mobile (TMUS) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research· 2024-04-26 02:00
For the quarter ended March 2024, T-Mobile (TMUS) reported revenue of $19.59 billion, down 0.2% over the same period last year. EPS came in at $2.00, compared to $1.58 in the year-ago quarter.The reported revenue represents a surprise of -0.22% over the Zacks Consensus Estimate of $19.64 billion. With the consensus EPS estimate being $1.83, the EPS surprise was +9.29%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...
T-Mobile(TMUS) - 2024 Q1 - Earnings Call Transcript
2024-04-26 01:00
Financial Data and Key Metrics - The company reported strong Q1 2024 results, with postpaid phone net adds in line with Q1 2023, while industry net adds were lower by a double-digit percentage [6] - Postpaid phone gross adds increased year-over-year for the fourth consecutive quarter, even as industry gross adds declined [7] - The company achieved its best-ever Q1 postpaid phone churn rate, indicating strong customer retention [7] - Core adjusted EBITDA is expected to grow by 9% year-over-year, reaching between $31.4 billion and $31.9 billion [16] - Adjusted free cash flow is projected to be between $16.4 billion and $16.9 billion, up 23% year-over-year [17] Business Line Performance - The company added 405,000 home broadband customers in Q1, representing a higher share of industry broadband net adds compared to the previous year [9] - T-Mobile now serves over 5 million High-Speed Internet customers, with plans to enhance value through new rate plans for home mesh networks and on-the-go usage [9] - The company announced a joint venture with EQT to acquire Lumos, targeting 3.5 million homes passed by 2028, with T-Mobile investing approximately $950 million initially and an additional $500 million between 2027 and 2028 [10][11] Market Performance - T-Mobile continues to take market share in wireless and broadband, with postpaid phone net adds outperforming the industry [6][9] - The company's 5G network is a key differentiator, with 75% of postpaid phone customers already using 5G smartphones [7] - The company expects to close the acquisition of Mint and Ultra Mobile on May 1, further expanding its presence in the value segment [12] Strategic Direction and Industry Competition - T-Mobile's strategy focuses on maintaining its position as the value leader in the market while exploring opportunities for growth in broadband and fiber partnerships [10][11] - The company is leveraging its 5G network leadership to drive growth in both consumer and enterprise markets, with a focus on advanced 5G capabilities like network slicing [33] - The joint venture with EQT and Lumos is part of a capital-light model to expand broadband services without significant balance sheet impact [11] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, citing consistent performance and strong customer loyalty [13] - The company plans to host a Capital Markets Day in the fall to discuss long-term opportunities and value creation strategies [14] - Management highlighted the potential for further growth in broadband and fiber, with a focus on capital-efficient investments [11][38] Other Important Information - The company received regulatory approval to acquire Mint and Ultra Mobile, with the transaction expected to close on May 1 [12] - T-Mobile's adjusted free cash flow margins are multiple percentage points higher than its peers, driven by margin expansion and capital efficiency [17] - The company is exploring ways to extend its fixed wireless broadband strategy beyond the initial 7-8 million customer target [36] Q&A Session Summary Question: Pricing Actions and Competitive Landscape [21] - The company is considering pricing actions, particularly for older rate plans, but remains committed to its value leadership strategy [22] - The competitive environment remains intense, with T-Mobile focusing on underpenetrated markets and unique growth vectors [24] Question: Lumos Transaction and Broadband Growth [28] - The Lumos transaction is part of a broader strategy to expand broadband services through capital-light partnerships [38] - The company sees significant growth potential in fixed wireless broadband, with a long waitlist of customers in areas where capacity is constrained [37] Question: Impact of ACP Program Expiration [40] - The company expects the Affordable Connectivity Program (ACP) to end, with minimal impact on its postpaid business and a small impact on prepaid and wholesale segments [42] - T-Mobile is working with customers and partners to transition ACP participants to other programs or plans [43] Question: Fiber Strategy and Network Positioning [52] - The company's fiber strategy is opportunistic, focusing on partnerships that complement its 5G broadband offerings [54] - T-Mobile's network continues to lead in 5G, with 85% of traffic on mid-band spectrum and 93% of traffic on 5G, ensuring a consistent and reliable customer experience [86][88] Question: ARPU Trends and Free Lines [73] - ARPU is expected to grow by 0.5% in 2024, driven by rate plan optimizations and a focus on ARPA growth [78] - The company does not offer first free lines, and free line contributions to net adds have decreased year-over-year [80] Question: Fiber Penetration and FWA Growth [94] - Early wholesale fiber penetration rates are trending toward 20%, above industry benchmarks [99] - The company expects to reach its 7-8 million fixed wireless broadband customer target by the end of 2025, with 405,000 net adds in Q1 2024 [102] Question: Long-Term Fiber Ambitions [104] - T-Mobile plans to provide a more detailed long-term view of its fiber strategy at its upcoming Capital Markets Day, emphasizing a patient and opportunistic approach [105]
T-Mobile (TMUS) Beats Q1 Earnings Estimates
Zacks Investment Research· 2024-04-25 22:21
T-Mobile (TMUS) came out with quarterly earnings of $2 per share, beating the Zacks Consensus Estimate of $1.83 per share. This compares to earnings of $1.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.29%. A quarter ago, it was expected that this wireless carrier would post earnings of $1.90 per share when it actually produced earnings of $1.67, delivering a surprise of -12.11%.Over the last four quarters, the company h ...